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- Tasks: Manage funding valuation adjustments and collaborate globally with traders and teams.
- Company: Leading global financial services organisation based in London.
- Benefits: Permanent contract, hybrid work, and opportunities for professional growth.
- Why this job: Join a pivotal role in risk management and drive impactful process improvements.
- Qualifications: Experience in product control and familiarity with derivatives is essential.
- Other info: Dynamic environment with strong relationships across departments and senior stakeholders.
The predicted salary is between 72000 - 108000 £ per year.
A leading global financial services organisation is seeking a VP - XVA Product Controller to join their London-based Finance team. This is an exceptional opportunity for you to become a key member of the Business Resource Management (BRM) Product Control function, which plays a pivotal role in managing counterparty credit and funding risk across multiple regions.
What you'll do:
- Oversee the daily management of the Funding Valuation Adjustment (FVA) aspect of Business Resource Management (BRM), coordinating activities globally across multiple regions including Asia, Japan, the US, and India.
- Act as the primary point of contact for the Global FVA head based in London, facilitating effective communication and collaboration with over ten BRM traders.
- Verify trades and ensure accurate daily profit and loss reporting while resolving ad hoc queries efficiently to maintain operational excellence.
- Produce Key Risk Indicator (KRI) reports and drive process improvements by identifying opportunities for change within existing systems.
- Maintain and enhance processes using your deep understanding of XVA controls to support robust risk management practices.
- Partner closely with Front Office teams and other control functions to build and develop control and governance frameworks tailored to bespoke or evolving business lines.
- Manage relationships with senior traders as well as offshore teams, business managers, regulatory reporting units, and risk management stakeholders to ensure seamless operations.
- Support independent price verification processes and reserves reviews by providing expert analysis on new transactions and products.
- Contribute to cross-departmental projects focused on automation and technology enhancements that improve efficiency throughout the organisation.
- Champion compliance with accounting standards, regulatory requirements, and valuation guidance while optimising deployment of financial resources.
What you bring:
- Demonstrated experience in product control within a major financial institution is essential for success in this role.
- An accounting qualification or numerate degree such as mathematics or finance is highly desirable to underpin your technical expertise.
- Comprehensive familiarity with credit derivatives, rate derivatives, and foreign exchange derivatives is required for effective oversight of complex trading activities.
- In-depth understanding of Credit Support Annexes (CSA) and their impact on derivative valuation including CVA (Credit Valuation Adjustment) & FVA (Funding Valuation Adjustment).
- Proven ability to manage relationships with senior traders as well as offshore teams, business managers, regulatory reporting units, risk management professionals, and other key stakeholders.
Apply today by clicking on the link provided.
XVA Product Controller - Vice President employer: Robert Walters UK
Contact Detail:
Robert Walters UK Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land XVA Product Controller - Vice President
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance industry, especially those who work in product control or related areas. A friendly chat can lead to insider info about job openings that might not even be advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and understanding of XVA controls. We recommend practising common interview questions and scenarios specific to the role, so you can showcase your expertise confidently.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation. It keeps you on their radar and shows your enthusiasm for the position.
✨Tip Number 4
Apply through our website for the best chance at landing that VP - XVA Product Controller role. We make it easy for you to showcase your skills and experience directly to the hiring team!
We think you need these skills to ace XVA Product Controller - Vice President
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your product control experience and any relevant qualifications to show us you’re the perfect fit for the VP - XVA Product Controller role.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about this opportunity and how your background aligns with our needs. Don’t forget to mention your familiarity with credit derivatives and your ability to manage relationships with senior traders.
Showcase Your Achievements: When detailing your past roles, focus on your achievements rather than just responsibilities. Use metrics where possible to demonstrate how you’ve improved processes or managed risks effectively. We love seeing how you’ve made an impact!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates regarding your application status. Let’s get started on this journey together!
How to prepare for a job interview at Robert Walters UK
✨Know Your XVA Inside Out
Make sure you brush up on your knowledge of Funding Valuation Adjustment (FVA) and Credit Valuation Adjustment (CVA). Be prepared to discuss how these concepts apply to the role and how they impact trading activities. This will show that you’re not just familiar with the terms, but that you can apply them in real-world scenarios.
✨Showcase Your Relationship Management Skills
Since this role involves managing relationships with senior traders and various stakeholders, think of examples from your past experiences where you successfully navigated complex relationships. Be ready to share how you’ve facilitated communication and collaboration in previous roles, as this will highlight your interpersonal skills.
✨Prepare for Technical Questions
Expect some technical questions related to product control and derivatives. Brush up on your understanding of credit derivatives, rate derivatives, and foreign exchange derivatives. Being able to explain these concepts clearly will demonstrate your expertise and confidence in the field.
✨Demonstrate Your Process Improvement Mindset
The job description mentions driving process improvements, so come prepared with examples of how you've identified opportunities for change in previous roles. Discuss any automation or technology enhancements you've been involved in, as this will show that you’re proactive and focused on efficiency.
